No Tax on Tips…Here’s an Update from the IRS … Final Regulations for Workers Who Receive Tips 😊
IR-2026-49 released April 10th with the IRS final regulations on the “No Tax on Tips” provision from the One Big Beautiful Bill (OBBA) originally passed in July 2025. We were in “extension mode” here in our office, but had seen the updates and confirmed they did not affect any of the previously completed and filed 2025 tax returns for our clients. Of course there are no free rides, but we … Read more